There are many different concepts of science and what may be a science. It is defined as the intellectual and practical activity encompassing the systematic study of the structure and behavior of the physical and natural world through observation and experiment. In science‚ scientific methods are used to make sure an accurate‚ reliable and consistent data are constructed by scientists collectively and over time. It has aims for prediction‚ understanding‚ and control which must be followed through
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What are some of the advantages and disadvantages of shortening project schedules? In some situations project manager will have to get the project schedule shortened. One method for accomplishing this is by shortening the durations of the activities in the critical path. This can be done by allocating more resources to perform the activities or by making changes in the scope. Project Crashing and Fast Tracking are two methods useful for shortening the project schedule. Crashing
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for a one-year project (see p. 285 for complete text of this exercise): PV= $23‚000 EV=$20‚000 AC= $25‚000 BAC=$120‚000 * What is the cost variance‚ schedule variance‚ cost performance index (CPI)‚ and schedule performance index (SPI) for the project? Cost Variance: Earned Value (EV) – Actual Cost (AC) $20‚000 - $25‚000 = ($5‚000) Schedule Variance: EV – Planned Value (PV) $20‚000 - $23‚000 – ($3000) Cost Performance Index: EV / AC $20‚000 / $25‚000 = 0.8 Schedule Performance Index:
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CLICK TO DOWNLOAD PROJ 592 Project Cost and Schedule PROJ 592 Final Exam 1 1. (TCO B) Estimating Procedures (a) You are the project manager for a new high-rise office building. You are working on estimating the exterior landscaping for the new development. The landscaping requires the use of a special landscape stone. Based on recent experience the most likely price for the material is $120.00/ton. However‚ the price for this stone is volatile‚ and the price fluctuates over time based on market
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Abi Asmerom Triple Constraint What is the Triple Constraint? The triple constraint of project management is the balance of the project’s scope‚ time and cost. Triple constraint is used to determine whether or not a project’s objectives are being met. During the planning phase of a project‚ a project manager will define the scope‚ time‚ and cost of a project. As the planning phase continues‚ the project manager discovers that there may be some changes or adjustments needed in the
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Resource 11. TRAINING MODULE IN PROJECT MANAGEMENT (Created by the Institute for Development Management‚ Botswana for the NGO Institute‚ STF. (Some materials in this module have been extracted from “A Guide to Project Management Body of Knowledge‚ 3rd. edition‚ 2004) What is a project? “A temporary endeavor undertaken to create a unique product or service.” The Three P’s [pic] Working definition of project management Project management is the application of knowledge
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The Theory of Constraints and Drum–Buffer–Rope Drum – Buffer – Rope (DBR) is an operations scheduling methodology based on Dr Eli Goldratt’s Theory of Constraints (TOC) and first written about in The Goal and further explained in The Race. Drum Buffer Rope is just one part of the TOC Operations solution; it is the machine that sets the plan for Operations. However the second part of the TOC Operations solution is Buffer Management. Buffer Management is the monitor and control mechanism that ensures
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What defines a sport? There has been a controversy‚ whether or not golf should be considered a sport. If old men‚ injured athletes‚ and people of all backgrounds and athletic ability can play this sport‚ can you really consider it a sport? The Oxford dictionary states that a sport is‚ “an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment.” Golf can be considered a sport by the definition alone‚ plus golf is supported
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appearances demonstrated the importance of physical appearances in people’s daily life‚ because now in these times people outline opinions by what they see‚ not from what they think. Personal appearance can be a decisive item in any job interview. The image that a person gives in the moment of the meeting is of vital importance. For any interview people should be dressed appropriate and respectful‚ because most people use more the sense of sight than the ear. In “The Temp” Karen the principal
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What are the Objectives of Marketing? Marketing Management is an amalgamation of all the functions and actions which are necessary to provide optimal customer service to ensure customer satisfaction and loyalty. Thus‚ the prime focus of marketing management is to achieve the objectives of the business which is to earn profits by ensuring that the customer’s prerogative of high quality product and superior customer service is met. The following are some of the objectives of Marketing. 1. Identify
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